Income Duplex with Vacant
2020 DAVIS STREET Tampa, FL 33605
2020 DAVIS STREET, Tampa, FL, 33605
$399,000
For Sale
$399,000
Duplex for sale with two leased units, plus an included adjacent vacant lot.
Property Size1,626 SF
Price / SF$245.39
Days on Market10
Property Features for 2020 DAVIS STREET
General Information
- Standard status
- Active
- Size
- 1,626 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1923
Listing agency
ARC REALTY GROUP
(800) 636-2080
Listed by
Sapir Simply · License #3539070
Source
Endlesssummerrealty
Added: Jul 13 Updated: Jul 21 at 10:54AM Checked: Jul 22 at 5:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ARC REALTY GROUP
Investment Insights
Based on property information with market context.
This income-producing duplex includes two residential units within a single building, along with an adjacent vacant lot conveyed with the sale. The property features a 4-bedroom unit currently leased through August 2026, and a 1-bedroom, 1-bath unit with a full kitchen and living area.
HVAC was updated in 2016. The adjacent vacant lot is included as part of the offering; buyer should verify permitted uses and potential applications for expansion, parking, or outdoor space.
The combination of two units and the additional lot provides flexibility for both investors and owner-occupants looking to generate rental income while maintaining a separate living option.
HVAC was updated in 2016. The adjacent vacant lot is included as part of the offering; buyer should verify permitted uses and potential applications for expansion, parking, or outdoor space.
The combination of two units and the additional lot provides flexibility for both investors and owner-occupants looking to generate rental income while maintaining a separate living option.
Key Highlights
- Income‑producing duplex built in 1923 with two units
- 4‑bedroom unit is currently leased through August 2026
- 1‑bedroom, 1‑bath unit includes a full kitchen and living area
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.1k | $17.88 |
| − Vacancy | −$2.0k | −$1.21 |
| EGI | $27.1k | $16.67 |
| − OpEx | −$8.1k | −$5.00 |
| NOI | $19.0k | $11.67 |
1,626 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.1K
$237.2K – $316.3K
NOI $18,979 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$252.1K
$220.6K – $294.1K
NOI $17,646 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$378.8K
$331.5K – $442.0K
NOI $26,517 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Action screens
Building Supply
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FAQs
What type of property is this?
Duplex - Duplex for sale with two leased units, plus an included adjacent vacant lot.
Where is this duplex located?
The property is located at 2020 DAVIS STREET Tampa, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Income‑producing duplex built in 1923 with two units; 4‑bedroom unit is currently leased through August 2026; 1‑bedroom, 1‑bath unit includes a full kitchen and living area
